Long Established Foodworks Anchored Shopping Centre
61 Bridle Road , Morwell VIC
Property Highlights
Description
Established shopping centre since 1982 – anchored by proven and award winning Foodworks supermarket plus 3 specialty shops – Hairdresser, Fish n Chips and Pizza
Foodworks: new 10 year lease to 2027 plus 10 + 10 year options to 2047
Specialty Shops: leases vary from 2-5 years plus options
Fixed 2.5% – 3% increases / Tenants pay usual outgoings
1,468 sqm site with dual 72 metre frontage, plus 17 car spaces over 4 titles
Strategic ‘Northside’ location opposite Kurnai College Campus (700 students)
Foodworks: Australia’s largest truly independent supermarket group supporting $2 billion in annual sales throughout 650 stores
Morwell: Central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145 kms east of Melbourne
Rent: $144,992 pa
Auction 11am AEST Wednesday 20 September 2017
River Room, Crown Casino, Melbourne
Property Details